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now before we tumble off of the fiscal cliff. will john boehner get out of the way and let us avoid another fiscal crisis? hey, good morning, everybody. what do you say? here we go. on a great big monday monday december 3rd, good to see you today. hope you had a good weekend and watched some good football got maybe some holiday shopping christmas shopping. a lot of people around here in the eastern market neighborhood of capitol hill buying their christmas trees. i saw them all day saturday all day sunday loading x-rays trees on top of the cars going home, carrying them home to deck raid the x-rays -- decorate the christmas trees. lots to talk about this morning here around the country, around the globe, around here in washington, d.c. we will bring you up to date on the latest to let you know what's going on, but most importantly, give you a chance to sound off. >> that's what it's all about. you can give us a call at 866-55-press. you can twit -- join us on twitter or tweet us @bpshow and follow us on facebook.com. and you can join the chat room a
at the potential fiscal cliff. speaker boehner can work out with the president. he can't work anything out without this guy's approval. yesterday grover norquist warned of a wave of tea party anger, a tea party two that would dwarf anything we've seen before. let's take a look at the threat from grover. >> understand how ugly the next four years are going to get. everything in obama care that obama didn't want you to focus on or think about, the 90% of his trillion dollar tax increase was pushed over until after he got himself safely re-elected. all those regulations you're now hearing about, okay, that are being -- those all hit after the election. we got four bad years of regulation taxes, he wants to add higher taxes to that. tea party two is going to dwarf tea party one if obama pushes us off the cliff. >> there's a doctor strang love. how many republicans will be willing to stand up to that threat. david corn is here to talk about it, the washington bureau chief for mother joins and the author of "47 percent" he's a member of the gridiron society and john feehery is a republican strategist. g
cliff house speaker john boehner requested time on fox news to publicly declare the president's opening bid a nonstarter. >> i was flabbergasted. we're nowhere. >> treasury secretary tim geithner did the full ginsberg with taped appearances on all five shows. nothing will happen until budget tax rates and the ball is now in their court. >> the only thing that stands in the way of a deal right now is if a group of republican members decide there have been a block because they can't afford the wealthiest 2% of americans. >> how much is theater and how much are the two sides locked into positions that remain far apart? the president's plan called for higher tax rates on the wealthiest americans to the tune of $1.6 trillion over ten years along with the combination of new spending and some spending cuts. mitch mcconnell said he, quote, burst into laughter. still, the white house is making it clear until the republicans counteroffer. >> we didn't say how or how much or who should pay. >> there are a lot of items on the table. the president knows what they are. the question is, what are they
. we talked about being in a stalemate recently in terms of the fiscal cliff. house speaker john boehner and along with the rest of the leadership has presented an offer to the white house in a letter sent today based off something boles said to the supercommittee last year. you see the offer on the screen. 800 billion through tax reform, 600 billion in health savings, 300 billion in mandatory savings, 300 billion further discretionary savings. it nets to a total of $2.2 trillion in savings. what does it mean? in the letter we know the sticking point is the tax rates. the speaker says, quote, notably the new revenue in the boles plan would not be achieved through higher tax rates, which we continue to oppose and will not agree in order to protect small businesses and our economy. instead new revenue would be generated through pro-growth tax reforms that closes special interest loopholes and deductions while lowering rates. you see in this latest proposal while they offer up pour savings by saying, look, we can tax the rich people through the $800 billion figure. we can find more
the fiscal cliff. if you're driving it is. >> boehner was -- geithner was more optimistic. he doesn't expect a counter offer right away as they work to sort out tensions within the party. yeah that's the thing. now we need to wait until they finish having their argument among themselves. he and his tea party caucus. [ whatever! ] >> stephanie: and then get back to us. he said all that's blocking is republicans reluctance to accept higher taxes on the wealthy. revenues will have to go up. they haven't told us anything about who should pay higher taxes. so you can't negotiate with somebody who's not offering any -- >> details. >> stephanie: yes. thank you. all right. the president. >> obama: if congress does nothing, every family in america will see their income taxes automatically go up on january 1st. every family. everybody here, you'll see the taxes go up on january 1st. i'm assuming that doesn't sound too good to you. that's like the lump of coal you get for christmas. that's a scrooge christmas. >> steph
questions about the fiscal cliff on twitter, and with less than a month to go, the white house dispatched treasury secretary tim geithner to five sunday talk shows to declare tax rates on the wealthy are going up one way or another. >> if the republicans say, sorry, no way are we going to raise rates on the wealthy. you guys are willing to go off the fiscal cliff? >> it republicans are not willing to let rates go back up, and we think they should go back to the clinton levels, a the a time when the american economy was doing exceptionally well, then there will not be an agreement. >> while geithner was drawing a line in the sand, house speaker john boehner was busy trying to lift his jaw off the flar after geithner presented the president's debt reduction plans to him last week. >> i was just flabbergasted. i looked at him and said you can't be serious. i have just never seen anything like it. >> yes, indeed, it seems that republicans are not quite sure what to make of the president taking a harder line across the bargaining table. >> you know, the president's idea of a negotiation is rol
a republican counter offer that president obama initial plan to get the country off the fiscal cliff. we have details of what house speaker john boehner calls a bold offer. what if we jump off the cliff? we talk about the budget cliff with the ranking member vis van hollen. egypt constitutional crisis goes on. judges from the highest court say they are afraid to do the jobs. "special report" from washington with breaking news from the middle east starts at 6:00 eastern. now back to new york and my colleagues with "the five." ♪ ♪ >> greg: last week, i went on a tour to promote my book "the joy of hate" which took me from florida, to alabama, and georgia. to tennessee. some call this the south with sarcasm. a buddy of mine gave me flick "deliverance" to watch as a joke. but i freaked out, large crowds with mom for daughters and sons for dads. dads for daughters. so many brought food from pumpkin bread to moonshine. that nearly killed me. more unicorns to shake a horn at. each place i went fan of the five turned on by a parent or their child. this was shared activity, the "the five," "red ey
there's no reason they should fall off the fiscal cliff adding the only reason why it would happen is if a group of members of congress decide they are going to block an agreement because they want to extend the tax rates for the rich. back to you. >> kelly wright, thank you. it's time for a look at who is talking. another big talker down on capitol hill the september 11th attack on consulate in benghazi. >> we know there was intelligence leading up to the attacks that warned of security risks. diane fine stein is one of the chairs on congress's intelligence committee has been leading the investigation as to what went wrong with libya. now she says it is knotted the intelligence that should be blamed but instead the decision makers. >>> i have reviewed all of the threat warnings by the intelligence community. there were multiple threat warnings well over 200. i have read the priority warnings. i believe the ingenls is good. you can't blame the intelligence. they didn't make the right decision. >> the security warning is what congressman mike rogers is also talking about this mornin
. lawmakers wrestling to make a deal to keep us from going over the so-called fiscal cliff taking to the airwaves. house speaker john boehner rejecting the proposal and calling talks a waste of time and treasury secretary timothy geithner standing firm saying there will be no deal without raising taxes for top earners. a new and unusual storm system bringing inches of rain and strong winds to northern california and parts of the pacific northwest. today's round predicted to be the worst of series that have come already, bringing flooding problems in several areas, but there is more rain to come. the taliban targeting a joint u.s.-afghan base killing at least five afghans. and the gun battled lasted two hours, no americans were hurt in the attack. new developments tonight for america's strongest ally and friend in the middle east, israel. it follows last week's decision by the united nations general assembly to upgrade the palestinian status from observer entity to non-member state, a move both israel and the u.s. voted against. today, israel announcing a decision of its own, the p
out their fiscal cliff counteroffer to the white house. includes $800 billion in new tax revenue. that is roughly half what the president was aiming for. 300 billion in discretionary spending cuts. 900 billion in mandatory spending cuts. now the white house responding just moments ago saying quote, the republican letter released today does not meet the test of balance. they don't like it. i'm joined by dan mitch chill from the cato institute for more on this. dan what do you think. these are a lot of things to occur just in the past few hours. do you feel like there is progress being made? >> there is progress but progress in the wrong direction. the number one thing to understand already even if all the tax cuts were made permanent, tax revenues projected to grow by 6.2% a year. so what they're really debating about how much should it grow even faster than that in order to enable bigger government. 100% of our fiscal problem is on the spending side. obama is being very inflexible on that. republicans i'm afraid will get taken to the cleaners just what happened in 1990 when read
charming, engaging, how winning is that demeanor, is it at all, in dealing with john boehner and the fiscal cliff? >> i think they're kind of past all that at this point, right? i mean, i don't think the demeanor's really going to help at this point. they've been through this -- they've done this dance before. most of the players who are involved in this negotiation are the same players that were involved in the negotiation that happened in the summer of 2011 over the debt ceiling. and so these guys know each other pretty well by now, and i think the president and john boehner, even after all of that, still have a reasonable working relationship. but i think that the president's people have made a very clear calculation, they decided that they tried a way of negotiating in 2011 which was to be what they think of as reasonable. to come in and say, put your cards on the table. this is where we think a good deal will end up. $3 in spending cuts for $1 in tax increases. here's a bunch of medicare cuts on sbilentitlement. show your hand. this is what the president's willing to do. meet me here i
and democrats are at a stalemate again in negotiations to avoid the "fiscal cliff." susan mcginnis reports, key players took to the sunday talk shows to make their stances known. >>> reporter: the white house is already decorated for the holidays but the mood here in washington is anything but festive. >> i think we're going over the cliff. >> reporter: if congress doesn't act, america will ring in the new year with $110 billion in spending cuts and a $500 billion tax increase leaving the average household with a nearly $3,500 hangover. treasury secretary timothy geithner was here on capitol hill last week to present the president's plan to congress. >> i was flabbergasted. you can't be serious! >> reporter: president obama wants $1.6 trillion on the rich, $400 billion in cuts to entitlement programs and billions in more spending. >> reporter: mitch mcconnell laughed at geithner during their meeting last week. now geithner says if republicans don't like the plan, it's up to them to present their own ideas. >> what we can't do is try to figure out what works for them. they have to tell us what w
, anything, relating to the fiscal cliff? >> well, i think they're coalescing around anything it's for speaker boehner to continue the negotiations and not give a single inch. the gop has done very well over the last few years is in the negotiations with president obama. they've held a hard line to the very end including during the debt limit where john boehner is allowed to say he got 98% of what he wanted. what you have to look for is the splinter that tom cole started last week, heard mr. chris toll say about how the president has an effective bully pulpit he can go around the country and say 98% of americans with a tax cut under my plan, trying to save it for the rich. republicans are coalescing around, if anything, is this idea that in order for the president to move on entitlements, they got to hold this hard line on the bush tax cuts for 250 or above. they don't want any deal that doesn't have to pertain to entitlements. that's why you're seeing the saber rattling that we thought would only be in november continue into december. as of right now there is no clear way forwar
down 49. nasdaq down, 7. s&p down 6. >>> there has been a new development in noontime in the fiscal cliff negotiations. the gop is proposing to increase the eligibility age for medicare and to lower the cost of living hikes in social security benefits. this is in response to president obama's suggestion. john boehner says this is a cellible one and hopes the administration will respond in a timely way. >>> a new trader joe's grocery store is located on california and it's now open. trader joe's now has five stores in san francisco. >>> thank you for trusting ktvu channel 2 news. we'll see you the next time news breaks. be sure to join us at 5:00 with more on the storm cleanup.
on the fiscal cliff is just being released. let's go to e-mailen j amon jav >> they say boehner is offering multi-step solution here, including what he's after is $800 billion in revenue through tax reform. that's obviously significantly less than the $1.6 trillion the president asked for his-n his initial offer last week. other details in this offer being reported by nbc. health savings of $600 billion. other mandatory savings of $300 billion. a revision to cpi of $200 billion. and further discretionary savings of $300 billion. guys, it looks like the horse trading is alive and well here in washington. now this offer being extended from the republicans. you can assume that the white house will not think this is enough tax revenue to go forward, but, of course, offers are being exchanged here so that's a sign negotiations are under way, guys. >> let's get into the details here. $600 billion in health savings. what does that mean for medicare? break it down in terms of where these savings come from. >> i wish i could. what we don't have here is a lot of detail hanging off this christmas tree
-called fiscal cliff, but so far there's been more rhetoric than resolve. there's now less than a month to head off the automatic tax hikes and spending cuts that will kick in next year. john boehner said he can't believe the latest white house proposal. the obama administration insists there's no deal without a tax increase. susan mcginnis is in washington with details this morning. susan, good morning to you. >> reporter: good morning, terrell. it may appear the two sides are nowhere but these talks are expected to pick up dramatically very soon. december is here and as they say here in washington the lawmakers can smell the jet fumes meaning the planes taking them home for their holiday recess. what we're hearing there should be a deal by christmas. the white house is already decorated for the holidays but the mood here in washington is anything but festive. >> i think we're going over the cliff. >> reporter: if congress doesn't act america will ring in the new year with $110 billion in spending cuts and a $500 billion tax increase leaving the average household with a nearly $3,500 hangover.
. although he hasn't outlined what he thinks should be cut. if they can't avoid the fiscal cliff, it means on january 1st, every american will pay more income tax, between 2,000 to $2,200 for the average family. $500 billion in automatic spending cuts will go into effect. half of that at the pentagon. the other half coming in transportation, food safety and research. economists feel if washington can't strike a deal, the economy will fall back into recession and the unemployment rate will shoot up, rob and paula. >> tahman, the clock is ticking in all of this. where do the talks go from here this week? >> well, the white house said president obama presented his plan last week and the gop leaders shot it down. now, the ball is in the hands of the republicans. right now, it's all about the math. republicans may have to cave on taxes but president obama may have to accept deeper spending cuts. only 18 days left. >> the messy art of compromise. tahman bradley live in washington. >>> and rivers are rising across northern california this morning after three powerful storms blow through in less t
. >> wow, looks bad. ooh. >>> this morning, less than a month now before the big federal fiscal cliff. and we have some details on a war of word between treasury secretary tim geithner and house speaker john boehner. we will also update you on where the negotiations stand. right now by all accounts it is deadlocked right now with the clock continuing to tick down. >> a little testy. a little heated there. >>> and later this half hour, this year's gift wrap champ is here with her expert advice. find out how to wrap the most difficult presents, including a guitar, a candle, which is always difficult around the holidays to give. hope you don't give jenny a candle. >> i will light her fire, but not giving her a candle. you like to wrap. did you learn anything? >> i am horrible at wrapping, but i wanted to learn and get better. so i actually learned some great tips. >> take it to the lovely lady in the mall. >> i will wrap you. >> safety first. wrap it up. >>> but first, 62,000 football fans filled arrowhead stadium in kansas city the day after jovan belcher killed his girlfriend and then
. >> how speaker john boehner said right now, we are nowhere in terms of the fiscal cliff negotiation. as the president agree with that assessment? >> no, he doesn't. i think aesop secretary geithner over the weekend. another sunday shows. fairly clearly expressing the president's position to talk about the proposal that the president has pafford and express our belief that there has been progress in that we can achieve a bipartisan agreement. the obstacle remains, at this point, the refusal to acknowledge by republican leaders that there is no deal that achieve the kind of balance necessary without raising on the top 2% of americans, and we look forward to the presentation by republican leaders and their id ideas for spending cuts come as you know. as you know, secretary geithner has pafford a proposal that includes $600 billion in detailed spending cuts in health care and other entitlement programs, and that comes on top of over a trillion dollars in spending cuts as part of the budget control act. and it is contending with our proposals for how to achieve the kinds of revenue from
's one person. another writes in, what are you willing to compromise with the gop to get this fiscal cliff stuff done? i think president obama preparing to answer some tough questions from voters. over the weekend house speaker john boehner said these negotiations are nowhere. jay carney disagrees with that assessment. now phone calls at this point between president obama and congressional leaders, but the white house says the talks will be ongoing over the next several days, tamron. >> thank you. the president's q and a on twitter comes days after republicans flat-out rejected his opening bid in negotiations. house speaker john boehner appeared on one sunday morning talk show to see the president's proposal was not in his opinion a proposal at all. >> i was flabbergasted and said, you can't be serious. i just have never seen anything like it. we have seven weeks between election day and the end of the year, and three of those weeks have been wasted with this nonsense. >> okay. >> treasury secretary tim geithner appeared on five separate sunday morning talk shows. he says it's the go
'll learn a lot. >>> another money issue is the fiscal cliff. in something like, what, 29 days now we're going to hit the fiscal cliff. spending cuts, tax hikes. until lawmakers can reach a deal. house speaker john boehner pr pretty blunt on on where he felt the cliff negotiations were standing. listen. >> i would say we're nowhere. period. we're nowhere. we've put a serious offer on the table by putting revenues up there to try to get this question resolved. but the white house has responded with virtually nothing. >> the nothing he's talking about is the president's plan which was delivered to gop leaders last week by the treasury secretary, timothy geithner. ca calls for $1.6 trillion in new revenue. republicans say that figure is unacceptable. until they present their own plan the white house is standing by that proposal right now. despite the parties and lines in the sand we're joined by two republican law make rs. i've overwhelmed by republican lawmakers this morning. >> you're surrounded, soledad. >> connie mack is with us this morning and mary bono mack. i'm used to it on this
boehner described his reaction when the president presented its plan for the fiscal cliff. > >> i said you can't be serious. we have 7 weeks went election and the end of the year and three those weeks have been wasted. bill: flabbergasted, rich. wasting time. three weeks gone by. >> well, yeah, i think this offer speaks more to a desire on the part of the white house to break and humiliate republicans than it does to have a serious negotiation. on the other hand way these things work. you can pretty much go to sleep until right at the end, then it's days before it's goark yaitd. but it wouldn't surprise me if we do go over the cliff. they should pass an extension of all these tax cuts, make it clear they want to keep them for everyone including have much for the middle class. john boehner should say we passed this out of the house. let's see harry reid and the democrats pass this out of the senate. bill: i get the impression both sides are miles apart from the deal. and i'm told by smart people i'm dead wrong on that. are you of mind a or mind b, rich? >> i don't think there is a deal sitt
and the election wasn't over and we didn't have the prospect of going over the fiscal cliff. today the house republicans in a big development put out a plan and i am sure it is not on its face acceptable to the president and the democrats here but interestingly it has the same total number of savings and tax revenues as the president does over 10 years, $2.2 trillion. that is a lot more spending and entitlement reform in the president plan -- republican land and the democratic plan but now they can fill things in and the president has to be at the table to close the deal. he has the mandate to do it. >>neil: part of the mandate means both sides should give a little. obviously the republican plan has a debt commission feel to it but beside that i am wondering if it and tough and i know you are leaving the senate and i have always said, and i am not blowing you smoke you are one who tries to find areas of agreement and move the ball forward and we can be dogmatic all we want but in the end, you have reminded me, senator, it is about getting things done and right now washington is the hatfields
and the white house. house republican leaders have made a counter offer to president obama in the fiscal cliff negotiations proposing to cut to true knowledge with a combination of spending cuts come entitlement reform, and new tax revenues. there was a three page letter signed by speaker boehner, majority leader eric cantor, and other senior republicans including representative paul ryan. and this mornings "washington journal," we heard about tax reductions and credits that would go away if the fiscal cliff passes in january. >> board or series looking into the so-called fiscal cliff, we turn our attention to deductions and tax loopholes. some of them are potentially on the chopping block. joining us from the wall street journal is don mckinnon. thanks so much for joining us today. what are the loopholes and deductions? we hear those words a lot, but what are they? guest: loopholes or tax breaks of all different sorts, and whether you like a particular loophole or not depends on where you sit, i guess. there are lots of loopholes that are deductions. deductions are those that most people are
had quite a day around here, friday. with talks to avoid the fiscal cliff deadlock and everyone saying, the other side is to blame, treasury secretary geithner scheduled a round of interviews, then, friday afternoon, speaker boehner's office called to say he wanted to come on fox news sunday, to tell his side of the story. you'll hear from boehner in a few minutes, but first here's my conversation with tim geithner about the lack of progress in steering away from that cliff. >> chris: secretary geithner, welcome back to fox news sunday. >> nice to see you, chris. >> chris: i spoke with house speaker boehner just before i came over here and he says when you present your plan to him on thursday, he said you can't be serious, and, mitch mcconnell, the senate republican leader said he burst into laughter. >> they are in a tough position now and it will be -- obviously hard for them now and they are trying to figure out where they go next and we might need to give them time to figure that out, but what we did is, what you expect from us, we laid out a very detailed, carefully designed set o
quite a day around here friday with talks to avoid the fiscal cliff deadlock, and everyone saying the other side is to blame, pressure secretary geithner scheduled a ground of interviews. then friday afternoon, speaker boehner's office called to say he wanted to come on fox news sunday to tell his side of the story. you will hear from bain -- john bainner a few minutes. first my conversation with tim geithner about the lack of progress in steering away from the cliff. >> secretary geithner, welcome back to fox news sunday. >> nice to see you, chris. >> i spoke with house speaker boehner before you came over here. he said when you presented your plan to him on thursday he said, "you can't be serious" and mitch mcconnell, the republican leader, said he burst into laughter. >> chris, they are in kind of a tough position now. it's obviously a little hard for them now and they are trying to figure out where they go next. we might need to give them a little bit of time to figure out where they go next. but what we did, we laid out a very detailed, carefully-designed set of spending, sav
29 days to go before the u.s. hits the fiscal cliff. both sides are blaming each other for the standoff unsurprisingly. timothy geithner is pushing the gop to offer specific ideas and predicts they'll eventually yield on raising tax rates on the wealthy, but john boehner is standing firm against those high taxes. >> we've put a serious offer on the table by putting revenues up there to try to get this question resolved. but the white house has responded with virtually nothing. >> why does it make sense for the country to force tax increases on all americans because a small group of governors want to extend tax rates for 2% of americans. no reason why that should happen. >> geithner says republicans will be responsible if no budget deal is reached by the end of the month. boehner says the fight has only begun and he's interested in cutting a deal and not sounding a fiscal alarm. we'll be talking about how the two sides might be able to break the deadlock with a did democratic strategist in the next half hour or so. now, singapore airlines has confirmed it's in talks with
question and answer session about the fiscal cliff. hugh says, no one makes better use of technology than our president. and mindy says, she loves the presidential seal on the cover of the laptop. i agree, mcimi. we've got more of speaker boehner's offer. first, we want to hear what you think. head over to facebook and search "politicsnation" and "like" us to join the conversation that keeps going long after the show ends. playing ] [ male announcer ] the rhythm of life. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup lets you hear it... in your heart. [ basketball bouncing ] heart healthy. great taste. mmm... [ male announcer ] sounds good. it's amazing what soup can do. >>> we're back on "politicsnation" with more on speaker boehner's counteroffer to president obama. the republican house leader wants $2.2 trillion in spending cuts. and how would he do it? republicans refuse to raise taxes on the rich. unbelievable. instead, they want to slash billions from health care, raise the medicare eligibility age and hack away billions from entitlement programs. t
on this fiscal cliff issue. he particularly cited your report which he described as providing imperfect but fair middle ground as a way of breaking this political stalemate. he's saying only the president would adopt your approach that maybe this stalemate could be broken. what do you think about that? >> (laughing) well, i haven't seen the letter, as i think you know. it's nice that the speaker would give me some credit for trying to do that. but what he is referring to is when i testified before the super committee, i tried to show these guys that if they truly wanted to ghettoing that they could ghettoing at that time. and basically as an example on discretionary spending they were talking about cuts between $200-$400 billion. look, ghettoing on $300 billion. on health care between $500 billion and $700 billion. there was $600 billion. another mandatory that got that number that came out is $300 billion. both were talking about changing to the superlative c.p.i. so you could get $200 billion there and you'd have $400 billion come out of interest. that would be $1.8 trillion on top of the 1.3
an alternative, either to the fiscal cliff or to what the president is offering. the president's plan was put on the table last week. it was not that well with president on. speaker boehner and others. stuart: i wonder, as an insider, among democrats, and that is what you are, simon, i want you to tell me, what plans does the president or any other democrats, have to reform social entitlement? >> first of all, if you remember well, stuart, mitt romney and the republicans beat up on president obama for the last three years for cutting medicare at $716 billion. he has already showed he is willing to take a big bite out of a major entitlement program. stuart: hold on a second. i do remember it. that is not reform. that is not reforming the structure of entitlement programs. that is the issue. >> i think the focus has been on medicare. the attention now needs to be on medicare inside the aca. there were large structural reforms in the way healthcare was playing out. in fact, last year, we had a slower rate of growth and health care spending that we have had in quite a time. whether president has
cliff. stay right here. >>> i'm ali velshi. this is your money. house speaker john boehner called white house efforts to make a deal preposterous. the republican counter we're hearing about which extends the bush tax cuts for everybody including the wealthiest americans won't get washington any closer to a deal. washington's reckless behavior is already having serious economic consequences. i'm going to show you how and make sure you understand the truth about that raising taxes would mean for the economy, but first, set aside the doom and gloom of the fiscal cliff for a moment, let's look at today's money menu. check out auto sales up big in november. sales of gm cars were up 3.4%. ford saw a 6.5% jump in sales and chrysler shot up 14%. u.s. autos are on track to see their best sales month nationwide since february of 2008 as the big three continues to put the auto bailout in the rear view mirror. ford never took the bailout money from the government. what's sibehind the surge in au sales, no short cuts. the jobs outlook is looking better. access to finance is improving if you want to
our nation from going over the so-called fiscal cliff. the deadline now less than a month away. treasury secretary tim geithner saying it's up to republican lawmakers to make the next move to prevent mandatory tax hikes and spending cuts. and house speaker john boehner say republicans have a plan that would provide as much as 800 billion dollars in new revenue over the next decade. they might also consider eliminating tax deductions on high income earners. a third powerful storm hitting northern california and the pacific northwest in less than a week. wicked weather causing flooding with rain falling at the rate of an inch per hour at times. 100,000 people at this point have lost power and people say the damage was not as bad as they thought it would be. more rain expected. i'm harris falkner, now, let's get you back to huckabee. ♪ >> when he i was white house press secretary, afaced a roomful of reporters on a daily basis so i'm used to getting tough questions, been a while since you've been grilled on stage, but since i'm guest hosting for governor huckabee in front of a
] break from the holiday stress. fedex office. >>> negotiating a deal on the fiscal cliff. they say a good compromise leaves everybody unhappy, but can house speaker john boehner rise above the partisan politics and still escape the wrath of his tea party? we'll ask former house majority leader dim armey. >>> and we've seen some major executive shake-up these year. management guru jeffrey seinfeld will join us to grade the hires and fires of 2012. >> the third hour of "squawk box" begins right now. >>> welcome back to "squawk box" here on cnbc first in business worldwide. i'm joe kernen along with becky quick. andrew ross sorkin is off today. our guest host this morning, steve mcmahon, co-founder of purple strategies and david walker, founder and ceo of the comeback america initiative. more from them in just a minute. first, we have some headlines for you this morning. let's begin with the markets and the looming fiscal cliff. the dow finishing november lower. and that is the second consecutive month. the blue championships fell .5% in november. 3% since the start of october. the nasdaq an
. >> good morning. >> steve: what do you make of where we are in the fiscal cliff right now? we're less than a month away, both sides are a million miles apart. and john boehner says he was flabbergasted when he heard tim geithner's proposal. >> i don't really think the democrats want to make a deal. they should have never been put in this position. if you remember on your show, i said, don't let this happen between fiscal cliff and all of what's happening now. don't let it happen after the election. let it happen before the election because as you remember, obama would have no chance of getting elected if this happened. so i said, it must happen before. they allowed it to happen after. the democrats now don't care. i think they want to go over the cliff, raise taxes, and that's going to be the end of that. i don't see the republicans having the cards. other than they have a debt ceiling card a month later. and again, that's something that should have happened before the election and if you remember, on your show i was saying, don't let this -- from a negotiating standpoint, this was a total
at avoiding that so-called fiscal cliff in washington as about as far apart as they've ever been. overnight, president obama released a campaign-style video pushing his plan on now avoid the tax increase on the middle class. john boehner said the white house isn't listening to republicans who demanding cuts. >>> an entire town in louisiana has been evacuated and police have launched a criminal investigation after finding 6 million pounds of explosives stored improperly at the munitions factory you that see here. authorities are now carefully working to move the explosive powder into safe bunkers. >>> public school students in five states will soon be spending more time in class. a lot more. a pilot program is being announced today in the states highlighted on your screens. 20,000 students in those collse schools will spend an extra 3 0 3050 -- 300 hours in class every term, in hopes of making them more competitive with the foreign students. >>> and new concerns this morning about the new "hobbit" film due out this month. in fact, people with the early screening said the film made them stic
're getting more reaction now from the white house to the fiscal cliff counteroffer that house republicans have put forward today. let's go back to our chief white house correspondent, jessica yellin. she has new information for us. jessica, we heard white house's blistering public response to speaker boehner's counterproposal. but will they sit down to actually negotiate where things stand now? >> reporter: well, wolf, in response to this offer, they are not going to sit down and negotiate. they will be open to talking. they will be open to receiving phone calls. but, you know, the white house has said that if speaker boehner presents a counteroffer in response to what secretary geithner presented last week, they will begin negotiations, they think this is not a serious offer and so they say this will not be the start of those negotiations. >> what is the one thing the white house hates the most about this republican counterproposal? >> reporter: the fact that it does not raise rates on the wealthy. they say that it actually would reduce rates on the wealthy. they argue that it also doesn
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